He became a lame duck the moment Donald Trump announced he would fire him on the first day of his presidency. This was expected. I heard that DJT doesn’t have the authority to do that (fire him) but it would be stupid for Gary to stay anyway. He made a wise decision. Good for him he saved himself from further embarrassment.

Trump probably will replace him with a more crypto friendly dude and obviously that’s bullish news.

Trump pump is only beginning.

$1 million is the new target.

Oh Gary , he probably knows what's coming and decided to do it honorably than to be forced out disgracefully. I applaud Trump for being very open about his intentions from the onset without mincing words. In my estimation I see this as a two-edged sword. On one end, Gary leaving is good and could take Bitcoin far far higher. On the other end of Trump makes the wrong hiring or appointment decision Bitcoin's price may drop at an instant.

This is just as predicted, even as someone was arguing about how the law doesn't allow the commissioner to be removed or replaced by a president unless they have served their tenor completely.
 
This is politics; even if the law doesn't permit the president to directly remove Gensler, there are still other ways of forcing his hand to resign on his own for his own peace.

His resignation news just came earlier than expected. Let's see what the news will bring to the market, or can we already tag it to be part of the factor pushing bitcoin to the $100k level already?

yeah she’s pretty much a quack 🦆 . her trans ⚧️ stand is terrible.

Trump has started on those campaign promises, seems like.  Doubt Gary left that spot voluntarily - likely got a nudge from the Trump camp. Market is already bracing for big changes and its going to be interesting to see how things play out once Gensler is officially out.

If Teresa Goody is really in the running to take over the SEC, could mean a whole new ballgame crypto-wise.  Bein pro-crypto and all she might go easier on us.  That would be a relief after feeling all that regulatory pressure.  But lotta unknowns still.  but if Trump follows through with his plans, we might see a more favorable environment for crypto innovation and less regulatory uncertainty.

Gary Gensler said last week at a possible departure from his position during remarks at the 56th Annual Securities Regulatory Conference at the New York Law School. In what seemed like a farewell speech, he said, “It has been a great honor to serve with them and to ensure that our capital markets remain the best in the world.”

My understanding of American tradition is that the SEC chairman always resigns after a new candidate wins the presidency, and the president can propose a new name to the Senate for confirmation without having the power to remove him directly. Also, Gensler’s resignation as SEC director does not mean he will give up his entire role at the SEC, as he can remain an advisor. Anyone with more accurate information can correct me, since there have been no previous dismissals and all have been resignations.

Everyone seems optimistic about getting rid of Gensler, but there are no clear indications about who might take over.

I was hoping Uncle Gary would shut down the altcoin/shitcoin casino before he left. I thought he didn't do enough on that front.

Gensler seemed to leave bitcoin alone for the most part and respected btc as the only digital commodity.

If I recall it correctly, there was some sort of hype and optimism within the community when Gensler was nominated by Biden back in 2021. Here's a man who has knowledge and has in fact taught about blockchain, digital currencies, Bitcoin, and the like at MIT. Here's a man who seems fond of the rising financial technology and even shared stories about Satoshi and Pizza Day and whatnot with his students.

Gensler isn't necessarily pro-Bitcoin, but he probably was open-minded and looks at things objectively. It's just that there are bigger policies in every administration and he has to abide with them.

Just hoping that the speculation about the appointment of Teresa Goody is true. As a blockchain lawyer and former SEC attorney, she has the experience to run the commission. With a perceived pro-Bitcoin stance, her tenure will be more flexible and crypto-friendly.   

This has been the tradition of the Chairpersons of the Security and Exchange Commission. Once there is a change of government, especially when a new party od coming in the head of SEC would have to resign. He would be remembered for his ceaseless attacks on the crypto industry. Uncle Gary is greatly cherished by the Biden government because he realized huge funds through fines.     

What a news! If anyone has any reservations about bitcoin reaching $100k then just throw that out of the window right now. This news will definitely pump bitcoin and cryptocurrencies that have been involved with SEC's lawsuits such as XRP (ripple). It actually has been doing well these past few days and this news might just intensify investors' demand for the coin. Maybe even set a new ATH while we're at it?

Whatever happens, I am sure it is all positive for the industry and the community. This is only the start as Trump has not even done anything as a President officially yet. I am excited for the heights crypto can reach under Trump's presidency. It would seem like he really is serious about his pro bitcoin stance during his election campaign.